1. You are not alone! Many consumers of loan,
mortgage and insurance products feel they have
been unfairly burdened by Payment Protection
Insurance (PPI), when they were initially sold the
original debt (the loan, mortgage or insurance
policy). Lawmakers, including the Financial
Services Authority (FSA) and the Office of Fair
Trading (OFT) have been investigating complaints
from consumers wondering how to claim PPI
payments. Even the Financial Ombudsman
Service takes a dull view of many financial
companies that have indulged in such unfair
practices. To help reclaim their just dues from
banks, mortgage brokers and insurance
companies, who knowingly miss sold PPI
products to you, many consumer assistance firms
are stepping forward to advise desperate
consumers on how to claim PPI dues that they
were unfairly charged. Professionals from such
companies not only educate you on your rights to
fight back and reclaim your PPI dues, but they
help you with the claims filing process too. Not
as straightforward Although it should be
2. straightforward for individuals to demand their
money back, financial companies and brokers
make the process extremely difficult and
cumbersome. Their hope is that, once a
consumer finds it difficult to file a claim and
pursue it, they will ultimately drop their claim in
favor of the more "easier" solution - just pay the
amount and get the matter resolved. Another
complication in successful pursuit of a PPI claim
is that consumers sometimes do not have all of
their original documentation available, in order to
review and refer back to them so that they can file
a valid claim. But companies helping consumers
fight back are making the process for how to claim
PPI easier, by only requiring the claimant to
provide them with some basic information. In most
cases, people who have been wrongly charged
PPI don't even have to produce original
documentation. A relief to you When you deal
with a PPI claim filing company, you are relieved
of a number of hassles that you would otherwise
face, had you decided to pursue your claim by
yourself. You have enough worries of your own -
earning your living, holding a steady job, making
other essential payments. Why would you then
want to master the art of how to claim PPI, when
there are professionals available who know the
process inside out, and are willing to assist you?
You don't need the additional burden of paper
chasing and bureaucratic wrangling. The
company processing the claims on your behalf
takes it upon themselves to relentlessly track
down who the "concerned agency" is - the banker,
the mortgage broker, the insurance broker, any
3. other financial institution or sales person - to get
all the documentation required from them directly.
Sometimes, these companies will work with
multiple parties on your behalf, tirelessly tracking
down all the information needed to file your claim.
You are completely shielded from these efforts,
which are happening transparently, in the
background. A win-win situation The best part of
working with a PPI claims filing company is that
they work on a "No Win No Fee" basis. That
means that if your claim is not successful, you
don't pay them anything. It's that simple!
ppi claims